European Shares Shrug Off China Data, Pearson Sinks

European equities traded higher on Thursday as investors shrugged off disappointing manufacturing data from China.

The FTSEurofirst 300 Index was slightly higher in morning trade. Asian stocks ended lower on Thursday after a preliminary reading of Chinese manufacturing activity fell to a six-month low, suggesting a slowdown in the world’s second-largest economy. British publisher Pearson was the biggest loser in Europe after it warned that its 2013 earnings would be lower.

Source : cnbc